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When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.
  • a)
    Falls
  • b)
    Constant
  • c)
    Rise
  • d)
    None
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
When supply increases, the supply curve shifts towards right. The incr...
Correct Answer :- a
Explanation : An increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
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When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.a)Fallsb)Constantc)Rised)NoneCorrect answer is option 'A'. Can you explain this answer?
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When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.a)Fallsb)Constantc)Rised)NoneCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.a)Fallsb)Constantc)Rised)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.a)Fallsb)Constantc)Rised)NoneCorrect answer is option 'A'. Can you explain this answer?.
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